By Jeffrey Dastin, Stephen Nellis and Max A. Cherney
(Reuters)-In-top strategy executive, Safroadu Yeboah-Amankwah, the company, the newest change since Lip-Bu Tan took the helm of the chip maker in March, told two people who are familiar with the business to Reuters.
Intel confirmed the departure and said, “We are grateful for SAF's contributions to Intel and wish him the best.”
Yeboah-Amankwah, who has served the Chief Strategy Officer of Intel since 2020, leaves on June 30, said the two people who spoke due to anonymity. Yeboah-Amankwah has, among other things, supervised growth initiatives, strategic partnerships and stock investments for Intel, including responsibilities.
Some of the strategic functions of Yeboahah-Amankwah will now fall to Sachin Katti, who has recently been elevated to Chief Technology and AI Officer. Intel Capital, the venture of the company, reports to Tan, said that one of the two people and a third source informed about this.
Tan is a productive investor and founded Walden International in San Francisco Capital Company in 1987.
As CEO of Intel, Tan has so far flattened the leadership team of the semiconductor Giant and direct supervision of his important data center and AI Chip Group, Plus the chip group for personal computer. He has introduced new technical leaders.
He also demanded to cut what he saw as Intel's blown up, slowly moving middle management layer.
The movements of TAN follow years of production -challenges at Intel and lost opportunities for mobile phones and AI chips. His predecessor, Pat Gelsinger, tried an ambitious change, although he made some problems of Intel, Reuters reported earlier.
Intel reported an annual net loss that can be attributed to the company – the first since 1986 – of $ 18.8 billion in 2024.
(Reporting by Jeffrey Dastin, Stephen Nellis and Max Cherney; Edit by Leslie Adler)
